The losses — briefly — tripled.
This is not normal trading behavior. There will likely be some explanation that will explain what happened. I suspect after this weekend, we will learn whether this was a high frequency trading (HFT) error, or a futures/e mini error, or some other factor. In the meanwhile, steer clear of conspiracy theories and PPT excuses.
On a related note, I am not happy with the Exchanges breaking trades. If you want buyers to step into the fray when the markets collapse, they need to know those trades will stand.
I have a lunch meeting with the ICE man today — so while I am out, please do NOT press the red button . . .